SRS Capital Advisors Inc. Sells 5,707 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

SRS Capital Advisors Inc. lowered its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 40.7% in the fourth quarter, Holdings Channel reports. The fund owned 8,312 shares of the company’s stock after selling 5,707 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Petco Health and Wellness were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Versor Investments LP lifted its holdings in shares of Petco Health and Wellness by 340.3% in the fourth quarter. Versor Investments LP now owns 169,500 shares of the company’s stock worth $646,000 after acquiring an additional 131,000 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in Petco Health and Wellness during the 4th quarter worth approximately $85,000. New York State Common Retirement Fund boosted its position in Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after buying an additional 3,711 shares during the period. Rice Hall James & Associates LLC boosted its position in Petco Health and Wellness by 25.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company’s stock worth $2,227,000 after buying an additional 118,410 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Petco Health and Wellness by 27.0% during the 4th quarter. Principal Financial Group Inc. now owns 203,121 shares of the company’s stock worth $774,000 after buying an additional 43,229 shares during the period.

Analyst Ratings Changes

WOOF has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research report on Friday, December 20th. Wedbush reiterated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, Morgan Stanley lowered their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.16.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $2.58 on Friday. The company has a fifty day moving average of $3.40 and a 200-day moving average of $3.96. The firm has a market capitalization of $808.70 million, a P/E ratio of -6.45 and a beta of 1.92. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $6.29.

Petco Health and Wellness Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.